Gold price rebounds from the Asian session trough as the USD stalls its recovery from a multi-year low. The weakening investors’ confidence in the US economy and Fed rate cut bets weigh on the Greenback. The optimism over easing US-China tensions remains supportive of the risk-on impulse and caps the XAU/USD pair. Gold price (XAU/USD) […]
The manufacturing sector in Japan continued to contract in April, albeit at a slower rate, the latest survey from Jibun Bank revealed on Wednesday with a manufacturing PMI score of 48.5. That’s up from 48.4 in March, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction. Helping to lift the
The times listed below are in GMT/US Eastern time format: 0600/0200 The governor of the Bank of England, Andrew Bailey, the chief economist of the European Central Bank, Philip Lane scheduled 1030/0630 Bank of England Chief Economist Huw Pill speaks at the Leeds University Business School 1630/1230 Bank of England Governor Andrew Bailey speaks at
2025.04.22 2025.04.23 Weekly Economic Calendar for 28.04.2025–04.05.2025 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ The previous trading week was shorter due to Easter Monday, with banks and stock exchanges closed in many countries. The upcoming week will be similarly brief, as European and Chinese markets will close on Thursday for Labor Day, leading to lower trading volumes. However, the release
EUR/USD slumps to near 1.1355 in Wednesday’s early Asian session, down 0.58% on the day. Trump said he had no intention of firing Fed’s Powell, despite being frustrated with the high interest rates. Traders ramp up ECB rate cut bets in the June meeting. The EUR/USD pair attracts some sellers to around 1.1355 during the
Comments from Citigroup’s Chief Economist via a Reuters report ICYMI. In brief: “Tariffs are a stagflationary shock to the U.S. economy” 40% to 45% chance of recession expects Q2 GDP up, driven by consumers making purchases ahead of tariffs coming into effect largest negative impact on U.S. growth is expected during H2 market reaction to
AUD/USD trades around the 0.6400 zone, holding gains despite US Dollar stabilization. Concerns about a China-linked slowdown keep the Aussie under pressure, despite upbeat Q1 Chinese GDP. Resistance emerges near 0.6420; short-term moving averages maintain bullish alignment. The Australian Dollar (AUD) trades with a modestly bullish tone on Tuesday, consolidating near the 0.6400 region during
The price of WTI crude oil futures for May delivery is settling at $64.31. That is up $1.23 or 1.95% on the day. The gains were helped by U.S. Treasury sanctions being imposed on Iranian LPG magnate Seyed Asadoollah Emamjomeh and his corporate network, restricting hundreds of millions of dollars’ worth of Iranian LPG and
The US Treasury Secretary Scott Bessent commented that the tariff standoff with China is unsustainable and that he expects a de-escalation of the situation. Bessent said that although negotiations had not started, a deal is possible suggested people that attended a private event by JP Morgan Chase & Co. in Washington. Financial markets reaction to
ECB’s Kazimir: Inflation approaching 2% target ECB member Peter Kazimir said on Tuesday he was confident that the ECB would hit its 2% inflation target in the next few months. At the same time, Kazimir cautioned against projecting where monetary policy was headed because of “today’s volatile and often chaotic conditions”. The economic landscape was
Global markets saw a modest pause in volatility today as risk sentiment stabilized following yesterday’s US selloff. US futures are pointing to a mild recovery, helping to calm nerves in early trading. Meanwhile, US 10-year Treasury yield dipped slightly but remains elevated around 4.4%, reflecting persistent investor caution. Gold also retreated marginally after coming within
USDCAD fell during yesterday’s Asia-Pacific session, breaking below a key swing area between 1.38078 and 1.38499. The initial decline reached a low of 1.37808 before rebounding to a session high of 1.3845, near the upper boundary of the previously mentioned swing zone, which dates back to October and November 2024. The price subsequently rotated lower,
2025.04.22 2025.04.22 Swedish Krona Showcases Stellar Performance on Forex. Forecast as of 22.04.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ While central banks are pondering how to mitigate the negative impact of trade wars by cutting rates, the Riksbank is ready to put the brakes on the monetary expansion cycle. Together with Sweden’s accelerating GDP and the flight from the
